Simon's "take one step at a time" to the new technology industry is to firmly sit on the Diaoyutai.

The Westeros system has completed its response to the situation after the bursting of the new technology bubble in 1996. At this time, the core new technology companies have a considerable cash reserve and no longer participate in excessive speculation.

For Julian Robertson, the head of Tiger Fund, these days have been a bit of a pin or pin.

As a firm bearer of the new technology industry, Robertson initially believed that the Nasdaq index would turn 12 times last year and would not last January at the latest. Therefore, even without Richard Mellon Skyve's instigation, he actually planned to suppress all the Tiger Fund's assets just to try.

However, December 1996 passed, January 1997 passed, and now, it has entered February 1997.

Compared with 5426 points when the US election just ended on November 6 last year, the Nasdaq index not only did not turn, but on Friday just now, with their short capitals trying their best to suppress it, the Nasdaq index still hit a new high, reaching a high of 6437 points.

In three months, the cumulative increase has reached 18%.

Tiger Fund started building positions after last year's election and was completely completed in late December. With a total principal of about US$12 billion, an average of three to five times the leverage, the scale of various short contracts was close to US$50 billion. On Friday just past, all short sellers had a total of US$7.3 billion, and the loss had exceeded 60%.

More than half of the loss.

Due to the large scale of the position, Robertson had to close some positions in order to ensure sufficient margin ratio.

Now, the most important question facing this hedge fund tycoon who has risen with Soros in the past decade is whether to completely clear the position and give up the market.

Or, last try?

Julian Robertson firmly believes that no matter how flexible the economic bubble is, it cannot escape the economic laws. Anyone with discerning eyes understands that the Nasdaq bubble is already very serious at this time and may collapse at any time. Even if the vested interest group led by the Westeros system uses the power of the entire country to sustain the life of the Nasdaq? The result will never change.

Maybe it's tomorrow!

New York.

Although it was Sunday, most of the day? Julian Robertson still worked at Tiger Fund's headquarters in Lower Town at around 3:00 p.m., mainly to comfort investors from all sides.

It's a sunny day at the end of winter.

Still very cold.

Near four o'clock? Leaving his office, Robertson took a bus to the Upper East Side and met his old friend whom he had known for many years in a cafe. Another hedge fund boss, George Soros.

The two of them greeted each other and sat down, waiting for the waiter to deliver the coffee and leave. George Soros looked at Robertson, who was already setting sun on the building outside the window, and asked, "So? How are you doing recently?"

Julian Robertson came to his senses? He picked up the somewhat hot coffee and took a sip? He paused, and said, "I plan to wait for another month."

Soros did not rashly find out how much the other party lost? I thought it was a sure thing for half of the time, and then he was silent for a moment, saying: "Or, it's good that you clear your position now, bet on Southeast Asia with me? If everything goes well? Most of the losses should be recovered this year."

Julian Robertson shook his head and smiled bitterly: "George? You should know that if I clear my position now, investors will definitely ask for liquidation? I have no chance to turn to Southeast Asia."

Soros could only be speechless again.

Robertson said that hedge funds are high-risk investments, and everyone knows this, but if you lose too much, investors will still ask for withdrawal of funds.

It can be said that unless a miracle happens next, Tiger Fund only has this path to follow.

Soros, who has been quietly planning to Southeast Asia since last year, has not participated in the betting on technology stocks, but has always been paying attention to the trend of the Nasdaq market. As of the closing of 6437 points the day before yesterday, in his opinion, it has reached an outrageous level. You should know that at the beginning of this decade, in 1990, the Nasdaq index was only about 300 points, and in just seven years, it has soared 20 times. No country's normal stock market can reach this level.

However, it was obviously abnormal, everything was still happening.

No one can see the end.

Soros has become increasingly convinced recently that Igrit is very likely to become the first company in the history of the U.S. stock market to reach a market value of $1 trillion. After all, compared with many other small technology companies in second- and third-tier tech stocks, Igrit is indeed very successful. Even based on the market value of $773.1 billion at the close of Friday, the price-to-earnings ratio is only 221 times.

Well, 221 times does not seem to be suitable for using the number "Tait". However, if compared with many companies in the Nasdaq market whose P/E ratio has exceeded 500 times or even 1,000 times, 221 times is already a very healthy indicator. In the end, it reaches a market value of 1 trillion yuan, and this number is only about 280 times.

With Igret's annual revenue exceeding US$30 billion, it still maintains a strong momentum of more than 60% annual growth rate, and a 280-fold price-to-earnings ratio is completely fine.

It was just a weekend get-together between the two old friends, and Julian Robertson did not mean to ask Soros for help. Soros made a suggestion after saying his own words. Robertson did not accept it, so he would not say more.

The topic then becomes casual.

"You said, what is that kid doing now?"

Seeing Julian Robertson ask about this, Soros smiled a little gossiping and said, "He must be in New York now. Maybe you have heard that he made the girl from the Lauder family pregnant. Although he had no plans to get married, he was still responsible and would come to visit him every week."

Julian Robertson then smiled: "It seems that you are not well-informed enough. In fact, more than one woman is pregnant."

Soros just smiled.

Actually, of course I know.

However, in Soros's view, the child conceived by the girl in the Lauder family is the most important thing. Because after the child is born, he will be born with another identity, Jew.

He also attended a party at the beginning.

Everyone still doesn't know the ethnicity of Simon Westeros himself, but now there is a Jewish child in the Westeros family. Moreover, according to recent news, it is still a boy and the young man quite agrees with the appearance of this heir. So many things will be very beneficial to the Jews in the future.

Julian Robertson noticed Soros's clear smile and probably understood something. He was not a Jew and did not comment on anything rashly.

Race issues, which are never avoided in Western society.

After picking up the coffee and taking a sip, Julian Robertson finally felt a little moved, and even felt slightly dissatisfied: "George, how did Simon do that in 1987?"

"Who knows," Soros could only shake his head when he heard Robertson talk about his miserable defeat: "That time... to be honest, I believe that he is a psychic, otherwise it would be impossible to make such accurate predictions."

If there hadn't been a huge fortune in the stock market crash in 1987, a young man would probably still be a Hollywood director at this time, even the top one.

Um.

Not right.

Even if there wasn't that time in 1987, if the other party bet on the Internet in advance, at least it would be able to create the Igret at this time.

No, it seems to be wrong.

The emergence of Igret was completed entirely with the cooperation of a whole industrial chain, such as American Online, Cisco, and even personal computers in the hardware field and Tincobaier's Internet peripheral products. Without sufficient Internet infrastructure support, Igret could not have developed to this level.

The funds needed in Cisco and American Online are large amounts of financial support.

These are not so easy for a director to do. Because someone is equivalent to promoting the entire Internet industry to this day with his own strength. This is not an exaggeration. If there is no other party, perhaps the Internet is still in the exploration stage at this time.

Therefore, it was the time in 1987 that someone had enough capital to do this.

Thinking of this, Soros shook his head slightly and said, "No matter what, Simon has completely jumped out of our level now. Just talk about how big the gap in strength has been in the past few days. I think you should have some understanding. This is just Simon doing things within the rules. If he breaks through the rules and the Westeros system now has this strength, then you will definitely not be in the mood to drink coffee with me now."

Julian Robertson wanted to refute, but after all, he could only make a decision.

No way to admit it.

Moreover, what Julian Robertson had to admire even more was the young man's layout vision.

Perhaps many people can suddenly become rich in just ten years and become super tycoons at the top of the world's rich list. However, under normal circumstances, people who suddenly enter the top of the pyramid often lack sufficient wisdom to make various other layouts to provide guarantees for their business empire.

Because people have limited time and energy.

In just a few decades, it is already very rare to be able to do something to the extreme.

Simon Westeros also has enough wisdom to do many things to the extreme. This is not just a smart person. Smart people in this world never mention it, but often the smarter the person is, the more confused he is, and does not know how to move around, because only time can provide these wisdoms in dealing with people and dealing with people.

The question is, where did Simon Westeros get so much time?

All these questions, unless Simon Westeros himself is willing to reveal them, will probably always be a mystery.

Manhattan, Upper West Side.

While the two old men were having coffee together, Simon was preparing dinner with the two women himself.

To experience a certain feeling of home.

The Spring Festival is coming soon in China. Chen Qing never thought about going back. Because she was pregnant, Lin Su, who was inevitably worried, did not return to China to celebrate the New Year with her family this time.

Simon didn't feel anything at first, but he didn't understand until he noticed Lin Su's depressed mood.

It doesn't matter.

So comfort and make up for it as much as possible.

However, I spent an afternoon in person, and even drove Chen Qing away this evening, and enjoyed the two-person world with Lin Su. The next morning, I accidentally found tears on the corners of the woman's eyes in my arms. Simon realized that things were still quite serious.

After a little bit of heart-to-heart talk, I roughly understand it.

Pregnant women must be sensitive after all.

Although Lin Su is usually smart and capable, especially in front of Chen Qing, she finally ends up being unwilling to admit defeat. Although she is always bullied, her personality is definitely not weak.

However, after getting pregnant, as a woman who has some traditional Chinese concepts in her bones, she will inevitably become worried about gains and losses.

Even Simon promised that future children could identify the surname "Westero".

However, if a woman does not have a legitimate marriage and a real status, it is difficult for people to feel completely safe.

Simon Ben interrupted returning to Los Angeles on Monday. Seeing this, he discussed it privately with two Jenny, and then made a decision to take Lin Su back to China and celebrate the New Year together.

Do some things by the way.

This day is February 3rd, Monday, the Chinese lunar calendar, the 26th day of the twelfth lunar month, and there are only three days before the New Year.

When Lin Su learned that Simon was going to take her back to China to celebrate the Spring Festival together, she felt that it was inappropriate. She knew very well that men were far from leisurely as she thought. If she went to China to celebrate the New Year, at least, well, she probably wouldn't be able to come back in a week. A long-shoulder confrontation in the Nasdaq market just happened last week, and the media on the weekend was still talking heavily. What if he couldn't handle something during this period of time?

Simon did not talk too much nonsense with Lin Su about this.

If you don’t even have this freedom to leave just by leaving, what’s the point of everything?

So I set off directly on the same day.

Um.

Chen Qing was left behind.

After all, some things this time are not suitable for Chen Qing to get involved.

Chen Qing was resentful on the surface, but she had more expectations in her heart. The man promised that she could have a child after she was 30 years old. She was 28 years old this year, and it was not far away.

At that time, men will definitely serve the same thing in one bowl of water.

Thinking of this, Chen Qing was even a little nervous. She didn't know if her father would carry a chicken fur blanket and beat her out with his inappropriate dog couple.

This probably won't.

Because of the fate of being criticized for fortune telling when she was a child and her temperament gradually came true when she grew up, her parents were worried about these years that she was afraid that she would learn to harm others. Even the crackdown that I remembered deeply after I was a child, my father took her to see the execution, and her brain was so splattered that it was just to let her not go wrong.
Chapter completed!